NewsX: Government announces austerity measures to cut non-plan expenditure by 10%

NewsX 2019-03-01

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At a time when government revenue growth has slowed downIndia's finance ministry orders small-bore austerity measures including a ban on holding meetings at five star hotels and creation of new posts in federal departments
Measures aimed at promoting fiscal discipline
The austerity measures will include a 10% cut in non-plan expenditure
It was not immediately clear how much the government would save through such measures, although the savings are not expected to be significant.



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